So those are Keynes’ prescriptions for a successful economy: low interest rates, government investment, and redistribution to the poor. And, for a time — from a

So those are Keynes’ prescriptions for a successful economy: low interest rates, government investment, and redistribution to the poor. And, for a time — from around the 1940s to the 1970s — that’s kind of what we did. The results were magical: the economy grew strongly, inequality fell away, everyone had jobs. Until the 1970s, where inflation climbed up and up and up and finally peaked at over 15%. According to my amateur understanding, economists disagree about exactly how the US got into that mess (which is why Keynes was regarded with some suspicion), but it's important to note that the Fed got us out of it by raising the crap out of interest rates and triggering a recession (as Keynes would have predicted).